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Wrongful employment by partner-trustee of trust-property for partnership purposes.

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Full Text of the Document

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.... liable therefor in his personal capacity to the beneficiaries, unless he had notice of the breach of trust. The partners having such notice are jointly and severally liable for the breach of trust. Illustrations (a) A and B are partners. A dies, having bequeathed all his property to B in trust for Z, and appointed B his sole executor, B, instead of winding up the affairs of the partnership, r....

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